. * generates in july 2012 mta issued revenue bonds which paid off the debt held by the corporation. subsequently the corporation requested that the lease be terminated and [speaker not understood] the duty that they currently have. so, the last few months the mta staff and the corporation worked on the termination agreement which is presented here for your review and approval. the approval of the agreement will [speaker not understood] effective december 31st. it will bring back the oversight of the garage to the mta. it will eliminate many of the services and save about 200,000 annually. the draft determination agreement has been approved by the corporation board in october 2012 and it has been approved by the mta board of directors yesterday. with that, i will be happy to take any questions that you may have. >> thank you very much. thank you for your presentation. we'll go on to the budget analyst report. mrs. campbell. >> okay. under the proposed resolution on termination of the lease agreement with downtown parking corporation, mta would assume all the administrative and oversi